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Hidden benefits of new savvy investment trend [Video]

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Starting a Business

Commercial spaces are becoming the new savvy investment with high returns and other hidden benefits.

Broker and founder of Complete Financial Management Athena Zotos said she was surprised by the recent sharp interest in commercial properties from clients.

“With commercial, your rental return can be a lot higher and your outgoings are covered,” she said.

“Tenants pay for everything including bills, fixtures, and rent prices have increased so its an attractive proposal.

“Some (buyers) are using their super funds … others are choosing to buy so they don’t have to rent for their own businesses,” she said.

“One of the biggest drawcards is that in some states you don’t have to pay stamp duty on commercial properties.”

MORE: Truth behind Aussie OnlyFans millionaire’s $7m fortune

Experts revealed that stamp duty was one of the biggest hurdles when it came to purchasing property. In NSW on a $1 million property, stamp duty would cost owners a hefty $40,000 fee …

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